ePlus Sees FY24 Revenue $2.23B-$2.33B Vs $2.07B Est.
Portfolio Pulse from Benzinga Newsdesk
ePlus has initiated its fiscal year 2024 revenue guidance of $2.23 billion to $2.33 billion, higher than the estimated $2.07 billion. The company also expects an adjusted EBITDA range of $200 million to $215 million, representing a margin of 9.0% to 9.2%. This guidance assumes continued improvement in the supply chain that will enable previously delayed customer projects.
August 07, 2023 | 8:12 pm
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ePlus has provided a higher revenue guidance for FY24 than the estimated $2.07 billion. This could potentially lead to a positive sentiment among investors.
ePlus has provided a higher revenue guidance for FY24 than the estimated $2.07 billion. This indicates that the company is expecting to perform better than previously anticipated. This could potentially lead to a positive sentiment among investors, which could drive the stock price up in the short term.
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